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Removing 11 years of '6 months' delinquency markers
GlitterQueen_2
Posts: 45 Forumite
Hi,
I recently approached Equifax to remove delinquency markers on my credit file dated 2002 - 2013. To be clear, it came to light recently that for 11 years my credit file has been marked as being 6 months delinquent by Paragon for car finance account. No defaults have been registered. There is no CCJ. In 2014 Paragon has marked the file with 'U' markers each month. Experian has refused to cooperate despite the fact that I quoted guidelines referencing the use of delinquency markers on credit records instead of defaulting accounts. They say that a creditor may mark the file as they wish for as long as they wish while ever the creditor treats the account as being open and active.
I financed a car with Paragon in 2002. Later due to a number of factors I fell into financial difficulty. I worked with CCCS and arranged to pay a monthly token of £1 to Paragon. Eventually my situation became so bad I was made homeless. I wrote to Paragon explaining this and returned the car to them. The car was collected from a friends house. I never received any further correspondence from them (but then I didn't have a contact address). Now, I don't have any paperwork from 2002 to confirm the amount Paragon say is outstanding. After 11 years I really want to sort this out. I understand that after 6 years of me not acknowledging the debt (if it exists/is accurate) collection of it cannot be legally enforced however, the debt still exists. After all that what I want to know is
1. How to approach Paragon to be clear and confirm outstanding amount on agreement without admitting liability for amount shown on credit file.
2. How to guarantee all those delinquency markers are removed from my credit file and to stop further markers being added
3. To find out my rights and responsibilities for car finance agreements.
A friend of mine has suggested that returning the car in the situation I did means that I would only be liable to pay a maximum of 50% of the total amount due of the original agreement i.e. I would take 50% of the total due, deduct payments I already made and I would be liable for the balance.
If you can help me sort out this mess I would appreciate it.
(I also posted this request under credit files)
I recently approached Equifax to remove delinquency markers on my credit file dated 2002 - 2013. To be clear, it came to light recently that for 11 years my credit file has been marked as being 6 months delinquent by Paragon for car finance account. No defaults have been registered. There is no CCJ. In 2014 Paragon has marked the file with 'U' markers each month. Experian has refused to cooperate despite the fact that I quoted guidelines referencing the use of delinquency markers on credit records instead of defaulting accounts. They say that a creditor may mark the file as they wish for as long as they wish while ever the creditor treats the account as being open and active.
I financed a car with Paragon in 2002. Later due to a number of factors I fell into financial difficulty. I worked with CCCS and arranged to pay a monthly token of £1 to Paragon. Eventually my situation became so bad I was made homeless. I wrote to Paragon explaining this and returned the car to them. The car was collected from a friends house. I never received any further correspondence from them (but then I didn't have a contact address). Now, I don't have any paperwork from 2002 to confirm the amount Paragon say is outstanding. After 11 years I really want to sort this out. I understand that after 6 years of me not acknowledging the debt (if it exists/is accurate) collection of it cannot be legally enforced however, the debt still exists. After all that what I want to know is
1. How to approach Paragon to be clear and confirm outstanding amount on agreement without admitting liability for amount shown on credit file.
2. How to guarantee all those delinquency markers are removed from my credit file and to stop further markers being added
3. To find out my rights and responsibilities for car finance agreements.
A friend of mine has suggested that returning the car in the situation I did means that I would only be liable to pay a maximum of 50% of the total amount due of the original agreement i.e. I would take 50% of the total due, deduct payments I already made and I would be liable for the balance.
If you can help me sort out this mess I would appreciate it.
(I also posted this request under credit files)
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